Question

Bruce bought his car for $24,380. It is expected to depreciate an average of 14% each year during the first 6 years.

What will the approximate value of his car be in 6 years? @strawberryswing

Answer 1

$9863
$9926
$10,314
$10,527

Answer 2

here is general rule for depreciation:
\[D = P (1-r)^t\]
P is initial value
r is depreciation rate
t is num years

Answer 3

you need to stick in the various values: P = 24,3380. then hit the ( sign on your calculkator, then 1 on your calculator and then minus. now you need to know what r is. that is the rate of depreciation. i.e roughly how much the car will depreciuate in value each year. which the question gives as 14% i.e 14 +100 and finally the question says this depreciation occurs over 6 years, so you need to see how it happens over 6 years (i.e multipky the result by 6 years)

Answer 4

so which one would it be ?

Answer 5

@BPDlkeme234